Ralph Lauren Corp Class A (RL)

Number of days of payables

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Payables turnover		6.62	5.50	4.91	5.02	6.13	4.80	4.46	3.83	4.62	4.27	4.22	4.88	4.33	5.12	6.59	14.82	10.16	9.08	6.95	6.94
Number of days of payables	days	55.13	66.34	74.33	72.64	59.55	76.12	81.88	95.34	79.08	85.50	86.55	74.72	84.39	71.30	55.41	24.63	35.94	40.18	52.49	52.58

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.62
= 55.13

The number of days of payables for Ralph Lauren Corp Class A has shown some variability over the past few quarters. From March 2020 to December 2020, the days of payables ranged from 24.63 days to 71.30 days, indicating fluctuations in the time it takes for the company to pay its suppliers.

In the most recent quarter ending March 31, 2024, the number of days of payables was 55.13 days, reflecting a decrease from the previous quarter. This suggests that the company improved its efficiency in managing its payables during this period.

Overall, the trend in the number of days of payables for Ralph Lauren Corp Class A appears to be somewhat volatile, with fluctuations observed from quarter to quarter. It is essential for the company to monitor and manage its payables effectively to optimize its working capital and maintain healthy supplier relationships.